Staking or Mining? - page 6. | Bitcointalksearch.org

adamgilbert912

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Quote from: bubidan.id on April 06, 2018, 12:06:22 AM

Yes.. I just confusing too about staking or mining, mining is more difficult for me cause I will need a hardware.
Staking I just affraid if on the project will scam. so can you guys give me some advice?

That's a good point, you think there's more risk associated with staking rather than mining?

fvb

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Activity: 1470

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mining is a normal thing, my friend is seriously engaged in this process. accordingly, he invested a good amount in the booty, and constantly improves his farm. investment in coins is also very interesting topic and it is necessary to make a lot of efforts for this. the choice is yours

always1337

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Quote from: coinman45 on April 06, 2018, 03:32:40 AM

It is simple. Go for staking if you don't have enough cash for investment. Because as we know, mining needs a big amount of cash to start with. Also, with the current price of the coins right now (mining is dead for now)? I'd choose staking than mining.

Yes of course staking is more simple then mining but just remember , easy thing will be dangerous and less profits then hard stuffs. Mining isn't dead at all, right now miners are gathering the cheapest hardwares and wait for the next pump to plug in all their ants again.

Marma Kalari

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Quote from: adamgilbert912 on April 05, 2018, 06:08:03 PM

Which do people prefer? Staking/Masternodes or mining?

I am not going to spend my money on mining equipment as i could use that money for something useful or even purchase the coin you are going to mine, staking is the best option, but i have not seen any good coins that are highly profitable but i am staking a couple of coins, if anyone here knows any good staking coins i would like to know.

coinman45

newbie

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It is simple. Go for staking if you don't have enough cash for investment. Because as we know, mining needs a big amount of cash to start with. Also, with the current price of the coins right now (mining is dead for now)? I'd choose staking than mining.

wndrbr3d

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It really depends on whan you like more. To begin staking it will be enough for you just to buy needed amount of cryptocurrency, but for mining you need to have miners/place for it and also pay for electricity.

Yakapo

newbie

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Id settle for staking, the coins are currently cheaply available and very affordable, acquiring them is much easier. Mining can be costly especially when the cost of electricity is high

Sam$oN

newbie

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At the moment, it is better to invest or participate in the bounty. The market of video cards is not only expensive but also overloaded. The main supplier of NVidia does not have time to produce graphics cards even at such an expensive cost. And recently read that they made some kind of a agreement and half of the pipelines will move the production of other equipment. Therefore, even if miners liberate the market, prices will still be high. The result is one, mining is not profitable against the background of the fact that the complexity will increase.

Ciucas

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Activity: 266

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I prefer staking because in my opinion mining is very bad for the enviornment- it wastes so much energy power.
However, staking is more risky- because you need to buy coins which might decrease in price, especially in bear markets.

Cryptoipad

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The mining process of involved to altcoin staking business.Mining is the term used for finding poof of work hashing blacks. staking is the term used for Proof of Stake temporarily unspendable coins, reserved on the network blocks.A new block is mined or staked approximately every the seconds.Both are a means of consensus, and both reward the successful miner or staker are coins.Mining requires doing work using electricity to power machines that perform to the produce blocks and earn coins. Staking generally requires those that are staking to lock up their coins for some period of time can't spend the coins for a staker to have a chance of being selected to produce a block and collect the block reward on mining process.

Piggy

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There is also to consider that with staking you are going to need a lot of coins to stake to be competitive, so you are going to need a substantial investment in the begin as well.

mmo4me.2016

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Quote from: adamgilbert912 on April 05, 2018, 06:08:03 PM

Which do people prefer? Staking/Masternodes or mining?

Depending on your configuration, you will be able to select Staking / Masternodes or mining accordingly. Masternodes need to invest in assets and the value may be zero at any time! mine I think will be more effective

Psynthax

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Quote from: bavian on April 06, 2018, 12:13:04 AM

In my personal ideal, staking will cost you money to buy those coins and that could be risky if the market is falling down. But with mining, you can actually sell all the hardwares if the market is fallen and the price of hardwares only affects a little bit not like holding coins when you're doing the "Stacking" method.

But that depends on how much power you can produce through your mining rigs, it may better if do any calculation through cryptocompare calculator to get how profit for your mining activities.
it looks like a new miners are needed so many mining rigs to get decent power to produce the profit anytime.

Dmcuibap

member

Activity: 284

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Mining is POW(Proof of work) which can up by using better GPU and ASIC for mining, Staking is POS(Proof of Stakes) which can up by hold more coin and become master node. Both mining currently work on almost blockchain nowaday but in the future POS dont consum energy because you can participate in mining by your laptop, very simple way. Choose what you and communities want

abnoy

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i prefer staking because all you need to do is posting other than mining and you need a good spec of computer and video card means you need capital to go mining

bavian

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In my personal ideal, staking will cost you money to buy those coins and that could be risky if the market is falling down. But with mining, you can actually sell all the hardwares if the market is fallen and the price of hardwares only affects a little bit not like holding coins when you're doing the "Stacking" method.

bubidan.id

jr. member

Activity: 185

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Yes.. I just confusing too about staking or mining, mining is more difficult for me cause I will need a hardware.
Staking I just affraid if on the project will scam. so can you guys give me some advice?

ismelda_ita

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Activity: 369

Merit: 106

I think many people prefer to mine. however, to do mining requires enormous capital, there will even be many unexpected expenses such as miner machinery damage etc. so in order not to require a large cost, many people choose by way of staking

Wallflower28

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Quote from: deevan on April 05, 2018, 06:38:05 PM

Quote from: adamgilbert912 on April 05, 2018, 06:08:03 PM

Which do people prefer? Staking/Masternodes or mining?

Staking is more profitable & affordable, as in mining you have to buy expensive GPU or antminer, due to a high demand for GPU cards nowadays the price of GPU's are touching to the sky. Also, mining requires high electricity consumption & computational power to mine, and as a result, you have to pay high electricity bill & profit will be very less, so mining is not profitable as it was before. Staking your coins in a wallet or running a master is a good choice as you just need a laptop with an internet connection & just hold your coins in wallet & you will be getting 5~15% dividend annually depending on the type of POS based coin & amount of coins you are holding.

Aside from high costs and electric consumption. Mining is more complicated than staking. Mining needs a lot of knowledge in setting up the mining apparatus. Staking needs only to hold your coins. But there are only coins that be a staking. There is a possibility that you can earn a lot in staking because mining was already the source of income by many people. There are lots of miners right now and the competition is very tight.

pranazzs

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If you have a capital of at least $ 10,000 you can choose Mining, but if I have more capital than that, I will choose both. staking and mining. because we will not know the price of the coin.

Topic: Staking or Mining? - page 6. (Read 732 times)